03-27-17 Meeting of the La Porte Development Corporation Board

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CONTINGENT AND LIMITING CONDITIONS 1) The legal description furnished is correct. 2) The title to the property is good and marketable. 3) No responsibility for legal matters is assumed. 4) It is assumed that the property is free and clear of indebtedness of all taxes and assessments that have been paid. 5) Possession of this report does not carry with it the right of public nor may it, or any part thereof, be used by anyone but the applicant without the previous written consent of the appraiser. 6) Sketches and maps included in this report are to assist the reader to visualize the property, and responsibility is not assumed as to their accuracy as I have made no survey of the property. 7) No part of this appraisal shall be used in conjunction with any other appraisal, and all opinions expressed herein are invalid if so used. 8) We believe the information in this report to be reliable if furnished by others, but we assume no responsibility for its accuracy. 9) We are not required to give testimony or to appear in court by reason of this appraisal, with reference to the property in question, unless arrangements have been made previously. 10) Upon inspection of the subject property, no evidence of hazardous wastes were noted and, if hazardous wastes are found on the property, it may affect the value of the site. This appraisal has been made under the assumption that the subject property does not have potentially hazardous waste deposits. 11) Any lease, agreements or other written or verbal representations and/or communications and information received by the appraiser(s) have been reasonably relied upon in good faith but have not been analyzed for their legal implications. We urge and caution the user of this report to obtain legal counsel of his/her own choice to review the legal and factual matters, and to verify and analyze the underlying facts and merits of any investment decision in a reasonably prudent manner. 11